P/E ratio for Devon Energy (DVN)

P/E ratio history for Devon Energy from 2001 to 2025

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
EOG Resources EOG	11.2	25.76%	🇺🇸 USA
Occidental Petroleum OXY	30.0	235.50%	🇺🇸 USA
Marathon Oil MRO	10.5	17.50%	🇺🇸 USA
Pioneer Natural Resources PXD	12.4	39.23%	🇺🇸 USA
ConocoPhillips COP	13.3	49.52%	🇺🇸 USA
Chesapeake Energy CHK	2.04	-77.15%	🇺🇸 USA
SandRidge Energy SD	7.63	-14.58%	🇺🇸 USA
BHP Group BHP	11.6	29.72%	🇦🇺 Australia
BP BP	60.9	581.88%	🇬🇧 UK

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.